United Technologies Prices Offering of Euro-Denominated Senior Notes

Feb 12, 2016, 17:20 ET from United Technologies Corp.

FARMINGTON, Conn., Feb. 12, 2016 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) announced that it has successfully priced an offering of €950 million aggregate principal amount of 1.125% senior notes maturing Dec. 15, 2021, €500 million aggregate principal amount of 1.875% senior notes maturing Feb. 22, 2026, and €750 million aggregate principal amount of senior floating rate notes maturing Feb. 22, 2018, in each case unless earlier redeemed.

The offering is expected to close on Feb. 22, 2016, subject to customary closing conditions. Net proceeds from the offering are expected to be used for general corporate purposes.

The offering is being made under an effective shelf registration statement on file with the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offering of notes may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by contacting:

  • BNP PARIBAS, at 1-800-854-5674;
  • Deutsche Bank Securities Inc., at 1-800-503-4611, Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836 or prospectus.CPDG@db.com;
  • HSBC Bank plc, at 1-866-811-8049; or
  • J.P. Morgan Securities plc, at +44-207-134-2468 or J.P. Morgan Securities plc, Attention: Head of Debt Syndicate and Head of EMEA Debt Capital Markets Group, 25 Bank Street, Canary Wharf, London E14 5JP, United Kingdom.

United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. For more information about the company, visit our website at www.utc.com or follow us on Twitter: @UTC.

This press release includes statements that constitute "forward-looking statements" under the securities laws. Forward-looking statements often contain words such as "believe," "expect," "expectations," "plans," "strategy," "project," "prospects," "estimate," "target," "anticipate," "will," "should," "see," "guidance," "confident" and similar terms. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases and other measures of financial performance or potential future plans, strategies or transactions. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, without limitation: the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; future levels of indebtedness and capital spending and research and development spending; future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; delays and disruption in delivery of materials and services from suppliers; customer- and company-directed cost reduction efforts and restructuring costs and savings and other consequences thereof; the scope, nature, impact or timing of acquisition and divestiture activity, including among other things integration of acquired businesses into our existing businesses and realization of synergies and opportunities for growth and innovation; new business opportunities; our ability to realize the intended benefits of organizational changes; the anticipated benefits of diversification and balance of operations across product lines, regions and industries; the timing and scope of future repurchases of our common stock; the outcome of legal proceedings, investigations and other contingencies; pension plan assumptions and future contributions; the impact of the negotiation of collective bargaining agreements and labor disputes; the effect of changes in political conditions in the U.S. and other countries in which we operate; and the effect of changes in tax, environmental, regulatory (including among other things import/export) and other laws and regulations in the U.S. and other countries in which we operate. The forward-looking statements speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements is disclosed from time to time in our reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time, including, but not limited to, the information included in UTC's Forms 10-K and 10-Q under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" and in the notes to the financial statements included in UTC's Forms 10-K and 10-Q.


Contact: Kate Ruppar (860) 728-6515 


SOURCE United Technologies Corp.